HighPeak Energy (NASDAQ:HPK) Issues Earnings Results

HighPeak Energy (NASDAQ:HPK) released its quarterly earnings results on Wednesday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02), Briefing.com reports. HighPeak Energy had a net margin of 19.42% and a return on equity of 17.70%. The business had revenue of $287.80 million during the quarter, compared to analyst estimates of $284.38 million. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue was up 28.6% on a year-over-year basis.

HighPeak Energy Trading Up 9.6 %

Shares of HighPeak Energy stock traded up $1.37 on Thursday, reaching $15.71. 990,377 shares of the company’s stock were exchanged, compared to its average volume of 346,289. The company has a market capitalization of $2.02 billion, a P/E ratio of 9.79 and a beta of 0.67. HighPeak Energy has a 52 week low of $10.44 and a 52 week high of $18.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. The firm’s 50-day moving average is $15.36 and its two-hundred day moving average is $15.18.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a report on Friday, April 5th.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.